Unformatted text preview: BSBINT401 Research international business opportunities
ASSESSMENT COVER SHEET
90226 STUDENT NAME
First Name: Aphishita
Last Name: Parinyaprom Student’s Declaration:
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judgement to be made of a learner’s competency. ILSC Business College BSBINT401 Assessment V5.0917 Page 1 of 9 Reference Only - your trainer will complete this Observation checklist on Moodle
Observation checklist for the presentation – Task 3
Trainer/Assessor Name Date Unit code and name BSBINT401 Research international business opportunities Tasks to be observed Satisfactory Not satisfactory Participation in verbal and non-verbal exchanges using appropriate
language ☐ ☐ Sought the views and opinions of others by listening and questioning ☐ ☐ Used a range of sources of information and could explain how these were
applicable to the context and content ☐ ☐ Evaluated the viability of the opportunity presented ☐ ☐ Demonstrated good research and analysis skills in relation to the sourcing
and synthesis of information ☐ ☐ Justification of the quality of information used ☐ ☐ Uses logically sequenced steps to plan and implement tasks required to
achieve outcomes ☐ ☐ Uses analytical techniques to assess skills, competencies and risks
associated with opportunities ☐ ☐ Offer an opportunity for feedback or clarification on the business
opportunity presented. ☐ ☐ The candidate’s performance was: Not satisfactory ☐ Satisfactory ☐ Feedback to candidate: Student
Signature ILSC Business College Assessor Signature BSBINT401 Assessment V5.0917 Page 2 of 9 Assessment Task 1 - Legal Report
Research local and international pieces of legislation (as listed below) that may have an influence on business
opportunities and operations in the international market.
Research the following legislation and laws: International Commercial Terms (INCOTERMS)
Trade modernisation legislation:
o Customs Legislation Amendment and Repeal Act
o Import Processing Charges Act
o Customs Depot Licensing Charges Amendment Act
Trade Practices Act
World Trade Organization determinations Format the information in a summary or a bulleted list using the template on the next page. Do not exceed one page
per piece of legislation. ILSC Business College BSBINT401 Assessment V5.0917 Page 3 of 9 Legislation (a) Who
authority)? International Commercial
Terms (INCOTERMS) the
(ICC) Customs Legislation
Amendment and Repeal Act the
and Customs Import Processing Charges
Protection Customs Depot Licensing
Charges Amendment Act The
Australia ILSC Business College (b) What is the
full name of the
law, and where
can the most
be accessed? Abbreviation of
Terms and the
2013 the Customs
Act 2015. BSBINT401 Assessment V5.0917 (c) What is the
general intent or
purpose of the
legislation? Created to
and delivery of
Bill 2000, the
is to amend the
form a of
on air, Bill)
to amend the the
in and out
Bill: Of Border
Fees, Charges (d) What sections are
specifically relevant to
engaging in international
business opportunities? Section F: Main
Carriage Not Paid By
The Seller; Section
C: Main Carriage Paid
By The Seller;
Section D: Arrival. Examination of goods
for export that are
not subject to
goods for export that
are not subject to
They fall into
of goods for export
1997 imposed 1901
Act 1901 to
5 of regime.
of charge for all (e) What are the
implications of these
sections for international
business opportunities? buyer when the goods
pass the ship's rail
in the port of
means that the
insurance is buyer’s
Cost, Insurance and
to the way
of loss the
The Joint Review was
Budget to identify
current fees, so at
well as new Trade Practices Act Warsaw Convention World Trade Organisation
determinations ILSC Business College Commonwealt The Trade
1974 is the
full name of
law, and the
from is the
the law, and
s (1986-94) (Carriers'
Act 1959. BSBINT401 Assessment V5.0917 The aim of the
provisions is to
on price for
It is a forum
is a place for
them to settle
It operates a
system of trade
WTO is a place
to sort out the
they face with
each other. Section IV:
Industry codes of
Division IA and
Part VA, Division
barriers is one of
the most obvious
means of encouraging
duties (or tariffs)
and measures such as
bans or quotas that
time to time other
such as red tape and
policies have also
creation in 1947–48
there have been
eight rounds of
A ninth round, under
the Doha Development
Agenda, is now
first these focused
5 of 9
(customs duties) on Section IV: Industry codes of practice, mandatory
or voluntary, are regulated by the Act, which aims
to ensure that people are well informed when
starting their business and that disputes can be
resolved quickly and inexpensively.
Section V: Division IA and product liability Part
VA, Division 3: Product safeties, product
information, which makes the ACCC responsible for
product safety and information standards, banning
orders and for advising the relevant minister on
the exercise of their powers dealing with product
safety and information. Under this Act, for people
who is injured, or whose property is damaged by a
defective product, has a right to compensation by
the manufacturer of the product. Chapter 2: Documents of Carriage,
mandates carriers to issue passenger
tickets, requires carriers to issue
baggage checks for checked luggage.
Chapter 3: Liability of the Carrier
creates a limitation period of 2
years within which a claim must be
brought and limits a carrier’s liability
to certain amount. The sums limiting
liability are valid in the absence of a
differing agreement with the carrier,
whereas agreements on lower sums are null
and void. The WTO is sometimes described as a “free trade”
institution, but that is not
entirely accurate. The system does allow tariffs
and, in limited circumstances, other
forms of protection. More accurately, it is a
system of rules dedicated to open, fair
and undistorted competition.
The rules on non-discrimination — MFN and national
treatment — are designed
to secure fair conditions of trade. So too are
those on dumping (exporting at below
cost to gain market share) and subsidies. The
issues are complex, and the rules try
to establish what is fair or unfair, and how
governments can respond, in particular
by charging additional import duties calculated to
compensate for damage caused
by unfair trade.
Many of the other WTO agreements aim to support
fair competition: in agriculture,
intellectual property, services, for example. The
agreement on government procurement
(a “plurilateral” agreement because it is signed by
only a few WTO members)
extends competition rules to purchases by thousands
of government entities in
many countries. And so on. Assessment Task 2 - Feasibility Report
1. Choose any product listed on the Australian Made website that is suitable for developing through an
offshore business-licensing model.
2. Complete a feasibility report focused on two key areas: processes and skills analysis risk and support services analysis.
1. Identify the product you have chosen from the Australian Made website, and briefly
describe why you chose this product.
We have chosen a product called "natural liquid soap" - Dindi Naturals - from the Australian Made website,
as we believe it is a unique product with very appealing features: Australian owned, locally sourced,
natural, no chemicals and organic. It's a new choice of market segment and the product is easy to sell to
the intended target market with a growing awareness in organic products and free of chemicals.
(link to the product: -) 2. Select a specific target market and discuss the relevant cultural aspects of your choice.
Our specific target market is India`s young population. According to market researches, this age group is
part of the growing middle class. There`s a big trend of organic products in personal care and consumers
are looking for innovative brands that demonstrates an original concept. The cosmetics/soap industry in
India is rapidly growing and the most relevant way to enter this market is to work with distributors, agents,
and online platforms in order to increase brand awareness and education. 3. Explain the common measures you will use to make your recommendations on this business
We could use the opportunities SEARCH
- Scan the environment
- Expand on the idea
- Adapt the idea to the circumstances
- Revise and reconnect the idea’s components
- Create the opportunity
- Harvest: develop the vision for implementation ILSC Business College BSBINT401 Assessment V5.0818 Page 6 of 8 4. Identify and briefly describe the relevant legislation that may affect this business opportunity.
If you want to import and/or manufacture cosmetics or cosmetic ingredients for commercial purposes you
may need to register your business with NICNAS.
NICNAS helps protect the Australian people and the environment by assessing the risks of industrial
chemicals and providing information to promote their safe use.
This covers a broad range of chemicals used in inks, plastics, adhesives, paints, glues, solvents,
cosmetics, soaps and many other products.
Laws 5. Complete a short written report (minimum 500 words) describing the:
a) processes required to establish the international business opportunity
b) skills required by personnel in country and the personal skills needed to manage this
business opportunity c) principles of risk management associated with this business opportunity
d) support services that may be needed to be accessed.
a) Before going global, it is critical to understand what the full impact on your business will be.
- Prepare a market segmentation analysis to determine if your product will sell in the local market.
- Prepare a product gap analysis against local products. Is there a demand that is not satisfied by a local
- Perform a SWOT analysis against competition. Your product will likely be higher priced than local
products. Will the market buy your product?
- Consider market opportunity/sizing. How big is the market and how long will it take you to capture your
- Develop a Strategy and Business Plan
- Define short-, medium-, and long-term strategy. Set reasonable goals to measure progress and
- Define goals, objectives, and success metrics.
- Complete the business model and structure. Decide if you set up a separate company, a branch, or a
- Develop a top-down annual budget.
- Legal Readiness: Create localized commercial agreements, Review industry-specific regulations to
ensure compliance and certifications are obtained if needed.
b) In order to manage the international business operations carried out by all the people involved, it is
imperative that they all possess the required skills to successfully achieve our goals. It is needless to say
that our staff must be trained to develop their marketing skills so that we can expand our market as much
as we can. They also need to be sales-savvy, meaning that these sales skills will be required when dealing
with potential buyers and people who are interested in making purchases from us.
As for personal skills, our staff members must have good customer care skills so that our clients feel valued
at all times and are treated in a way that lets them know they are above everything else, that they are our
number one priority. Our staff need to be people focused, this is, they need to build up relationships with
others, especially sellers, so that our company in return can build up international reputation that will be the
face of our product(s) to be sold. They must be net workers by nature, and they must seize every
opportunity they have to make contacts and build a social network that is beneficial to our business as a
whole, not just in terms of profit, but also taking into account that the more we sell, the more we can invest
in expanding and growing and employing more staff in return. In order to achieve this, it is obvious that staff
members need to be clear communicators and must at all times maintain a positive attitude towards their
(potential) customers and have a professional appearance.
ILSC Business College BSBINT401 Assessment V5.0818 Page 7 of 8 Assessment Task 3 - Product Licensing and Presentation
You have identified a product suitable for offshore licensing, and will complete a feasibility study and
present a report to a group of business investors (simulated group).
As part of the presentation, seek feedback on the busines...
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